Friday, March 11, 2016
Stanislav Dolgopolov has posted Wholesaling Best Execution: How Entangled Are Off-Exchange Market Makers? on SSRN with the following abstract:
This Article examines the reach of the duty of best execution to and potential breaches of this duty by off-exchange market makers in the context of the evolving business model of these market participants and the current market structure crisis. Several key areas, such as routing practices, order handling functionalities, and the usage of private data feeds, are analyzed.